Traders Purchase Large Volume of Call Options on BigBear.ai (NYSE:BBAI)

BigBear.ai Holdings, Inc. (NYSE:BBAI) was the recipient of unusually large options trading on Wednesday. Stock investors purchased 185,439 call options on the company. This is an increase of 34% compared to the average volume of 138,777 call options.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BBAI shares. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a report on Wednesday, October 8th. Cantor Fitzgerald restated an “overweight” rating and set a $7.00 price target on shares of BigBear.ai in a research note on Tuesday. Finally, HC Wainwright restated a “buy” rating and issued a $8.00 price objective on shares of BigBear.ai in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, BigBear.ai has an average rating of “Hold” and a consensus target price of $6.33.

Insider Buying and Selling

In other BigBear.ai news, CFO Sean Raymond Ricker sold 11,978 shares of BigBear.ai stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $5.35, for a total value of $64,082.30. Following the transaction, the chief financial officer owned 296,345 shares in the company, valued at $1,585,445.75. This trade represents a 3.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On BigBear.ai

A number of institutional investors have recently made changes to their positions in BBAI. Goldman Sachs Group Inc. increased its stake in shares of BigBear.ai by 569.0% in the first quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company’s stock valued at $6,694,000 after purchasing an additional 1,990,822 shares during the period. Baird Financial Group Inc. acquired a new stake in shares of BigBear.ai during the 1st quarter valued at $286,000. Wedbush Securities Inc. purchased a new stake in BigBear.ai during the second quarter valued at about $1,669,000. McGuire Investment Group LLC raised its stake in BigBear.ai by 89.0% during the 2nd quarter. McGuire Investment Group LLC now owns 86,658 shares of the company’s stock valued at $588,000 after purchasing an additional 40,806 shares during the period. Finally, Kingswood Wealth Advisors LLC boosted its position in BigBear.ai by 48.5% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 125,136 shares of the company’s stock worth $850,000 after acquiring an additional 40,893 shares during the period. 7.55% of the stock is owned by institutional investors and hedge funds.

BigBear.ai Stock Up 13.4%

NYSE BBAI traded up $0.82 on Wednesday, reaching $6.88. The company had a trading volume of 105,529,807 shares, compared to its average volume of 95,023,719. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.91 and a quick ratio of 1.91. BigBear.ai has a 1 year low of $1.65 and a 1 year high of $10.36. The firm has a 50-day moving average of $6.58 and a 200-day moving average of $5.73. The firm has a market capitalization of $3.00 billion, a PE ratio of -4.79 and a beta of 3.42.

BigBear.ai (NYSE:BBAI) last posted its earnings results on Monday, November 10th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). The firm had revenue of $33.14 million for the quarter, compared to analyst estimates of $31.82 million. BigBear.ai had a negative return on equity of 45.51% and a negative net margin of 274.70%.The company’s revenue for the quarter was down 20.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.05) earnings per share. BigBear.ai has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that BigBear.ai will post -0.28 EPS for the current fiscal year.

BigBear.ai Company Profile

BigBear.ai Holdings, Inc provides artificial intelligence-powered decision intelligence solutions. It offers national security, supply chain management, and digital identity and biometrics solutions. The company also provides data ingestion, data enrichment, data processing, artificial intelligence, machine learning, predictive analytics, and predictive visualization solutions and services.